Cumberland Trust announces Shannon McGarrity as Senior Vice President, Managing Director, Business Development. McGarrity will lead the company’s business development team as they connect individuals, families and their financial, legal, and tax advisors with Cumberland Trust’s high caliber trust and estate administration services.
“We are delighted to welcome Shannon to Cumberland Trust. He is a strong addition to our company, and I am confident that with his extensive management experience in the financial services industry, he will lead the business development team well,” said Michelle Diamond, Chief Development Officer.
McGarrity has more than 16 years of experience in the financial services industry. Prior to joining Cumberland Trust, he was a Financial Consultant at Fidelity Investments in Chesterfield, Missouri. Previously, he served as Regional Sales Manager at Scottrade/TD Ameritrade.
“Shannon’s leadership will continue Cumberland Trust’s strategic growth as our business development team engages with clients and their professional advisors to provide best in class trust and estate administration services,” said Jennie Menzie, President, Chief Operating Officer, and Corporate Counsel.
McGarrity earned a B.S. in Finance from The University of Memphis. Outside of work, he enjoys volunteering with the North American Versatile Hunting Dog Association (NAVHDA).
Cumberland Trust has grown to $5.6 billion in assets under administration and the company continues to deepen its reach in regional markets with additional offices located in Atlanta, Austin, Chattanooga, Dallas, Knoxville, Memphis, Philadelphia, St. Louis, and Tampa-St. Pete.